Transparent bidding, says Singh
Most of renewable energy projects in India are being implemented by the private sector developers selected through transparent bidding process, Minister of State for New and Renewable Energy R.K. Singh said in written reply to parliament on 5 Dec 2019.
The Government has issued standard bidding guidelines to enable the distribution licensees to procure power at competitive rates in cost effective manner.
In order to be competitive, developers are encouraged to deploy most advanced technologies in these projects to tap maximum energy.
The steps taken by the Government to incentivize renewable energy sector in the country inter alia, include the following:
Announcement of a target of installing 175 GW of renewable energy capacity by the year, 2022;
Permitting Foreign Direct Investment (FDI) up to 100% under the automatic route;
Waiver of Inter State Transmission System (ISTS) charges and losses for inter-state sale of solar and wind power for projects to be commissioned up to December 2022;
Notification of standard bidding guidelines to enable distribution licensee to procure solar and wind power at competitive rates in cost effective manner;
Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022;
Implementation of Green Energy Corridor project to facilitate grid integration of large-scale renewable energy capacity addition;
Launching of New Schemes, such as, PM-KUSUM, solar rooftop phase II, 12,000 MW CPSU scheme Phase II. fiinews.com